PAGE TO
DAILY EAST OREGONIAN, PENDLETON, OREGON, THURSDAY EVENING, FEBRUARY t, 1921.
DAILY MARKET NEWS, LOCAL AND GENERAL
Including Pendleton Prices and Associated Press Reports
MIHt, Milling S.fl3.10.
MAN FnANCI.SCO, Fob. 10. -Receipts:
Flour 4.970 quarters; wheal
Idoi) centals; barley 5,806 centals;
barley 6, 804 centals; beans Sl nek:
corn 1,3.13 contain; potatoes I, $90
sacks; hay 140 tons; livestock 240
head; hides 4! roll.
Wheat Milling J.JOffJ.lO; barley
shipping 1.45 1.65; feed 1.25 1.35,
Avtcadoea (.06 (i 6.00.
Itffll rei 32 34c;
tube I loiter 44c.
SEATTLE, Feb. 1 fl.Eggs Select
local ranch white ahelli 12 ir 34c; dlt
to mixed colors 33c; pullets 28c,
Butler City creamery in cubes 44c
bricks or prints 45c; seconds In cubes
41kj bricks 42c; country creamery ex
tras cost to Jobbers in cubes 41c; sto
rage nominal.
Ut W TYPE OF TIARA
w
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-v.
STRENGTH AND ACTION
La rue;
A Bw ttjrle of Jeweled head
yMs worn by Grace La Rue. who
H co-starring with Hale Hamilton
"Dear Me." anew Broadway
Way. btda fair to be copied Mora
ftMrthful looking than thi conven
tional tiara. It rives the format
teach of eleganca to a eostumo
NEW YORK. Feb. 10. (A. P.)
The stock market today fulfilled In
moderate measure Its promise of
greater strength anil activity, as indi
cated by the vigorous rebound late
yesterday.
Aside from relaxation of rates for
call m.mey, no visible change occur
red m tl.e factors which have h.sld the
market in check. There was a feel
ing In speculative quarters, however.
that technical conditions temporarily
tavorcd I ho longs.
Adoption of the Wlnslow bill by the
house, implying partial compensation
of clain-a by the railroads against the
government, failed to stimulate more
than an intermittent inquiry for rep
resentative transportation shares.
Cumulative signs that the ateel Indus
try is near a pr.ee readjustment gave
impetus to issues of that character, In
cluding railway equipments, iut im
provement in those shares was vari
able and hesitant at best.
As a group, oils again monopolized
the fculk of speculative attention.
I'ools were active in General Asphalt,
Mexican Petroleum and kindred
shares, further downward revision of
prices for the raw and refined pro
ducts evidently being interpeted as
bull sh influences.
Highest pices were recorded in the
final hour, but tre market reversed at
the first indications of profit taking
in such issues as Crucible Steel and
Mexican Petroleum, an easy tone rul
ing at the close.
Sales 450,000 shares. All call loans
were mads at seven per cent, the low
est rniform rate In many weeks.
Foreign exchange was confused,
dealers reporting little business save
in sterling and French francs.
Liberty issues and the bond market
eased variably on very small dealings,'
new offerings reacting, Sales par
value, $9,125,000.
Hoga Steady
Cattle. Weak.
SEATTLE, Feb. 10. Hogs Re
ceipu 83. Steady. Prima lift 11 fio
medium heavies lO&'ll; rouh hcav
ies S0S.6O; piss 9.00 it 11.
v-auie tieceipta none. . Weak
.....,, n o.,as.2b; medium to
.noiee T.UUW7.25; common to good
3.00ft 7.00; best cows and heifers
.vutsM.tu; medium to choice 8.60
s.su. common to good 4.00 5.50; balls
caives, iight 114,12.50
heavy 8.0007.00.
AID TILLERS OF SOIL
Seattle Feed Range
(71 to $37. 1 '
SEATTLE, Feb. 10. City delivery
FeedScratch feed 158 ton; baby
scratch feed $71; feed wheat 364; all
grain chop $48; oats $46; rolled oats
$49; sprouting oats 151; rolled barley
147; clipped barley 152; milled feed
$39: bran $37; whole corn $40; crack'
ed corn $42.
liny Alfalfa $27 ton; double conr
preswd alfalfa $33; ditto timothy $38
eastern Washington mixed $34; straw
$20; Puget Sound 331, -mmlf?"
OUTBURSTS OF EVERETT TRUE
oh, Necco, eveTTl I
t0 ?U S.SC5 N THS
MPCR THAT YOUR. OLD
M?.ICNO SMITH KlCKe
his., Feb. 10. (A. P.)
rcuerui reserve paper with a nine
months or twelve months period of
maturity would greatly assist the
rarmer and overcome to a great
tent the predicament the toilers'" of
uie son rind themselves in at the
present time, according to A. F. l.v.
er, member of the Federal Farm Loan
Board who addressed the Marketing
vumerence nere today.
The question uppermost in the
minds of farmers is what happened
to bring about the present situation."
said Mr. Lever. "What has accurea
to Justify a slump In prices of farm
products ranging from 50 per cent to
tuo per cent within a period of 12
months?.
"Certainly there are no less mouths
to feed now. The yield for 1920 was
not unusually!
'The starving children of America
need your wheat and corn and live
stock, but they have nothing with
which to pay for it. The domestic
consumer of farm products is on a
buyers' strike. He is refusing to buy
at the exorbitant prices demanded by
some retailers, except as he must buy
to meet immediate needs.
Tndrnstrics Dancing Hesitation
"The domestic manufacturer, the
wholesaler and thA tnhher hni,a
of the uncertainty of 'the price oflnls eredit problem, we must provide
A KICK U.C RifcHT, L 1 nnkicx" I
OUT VT'5 VS.V Poor 1 U0NCK,,
TASTS TO OSes. x vwpcd -7 -CLs
Biiitin'ii'
rr
TEN PAGES
the world at the immediate demands
of the world call for them. The de
vising of such credit machinery .
wU enable the farmer to market hls
proaucta In a sane and orderly way.
The banker thinks In the nsvrho-
gy of a quickly maturing tint..
The turn over of the capital invest
ment of the farmer is once In 365
days. A paper, therefore, with mat
urity of only sixty or ninety dv.
certainly, in times of financial stress
when money is hard to get. is of lit
tle value to him. If we are to solve
litsii Its To Clock StnKes Two
In the middle of the nlxht, srhen most people are
fat asleep, when even the watch doe; is snoozing
soundly, don't think that Mr. Robber is also asleep.
Mo&t likely he is prowling around somewhere, for
lie makes that Ids business.
Your busiiims is to use all safeguards whk h are at
yoar (WtpoaaL For your valuable Instrumenta, deeds, '
leases, tax receipts, polk-les. notes, etc a safety de
posit box in the fire and burglar proof vault at this
hank makes a very secure storage place. Come in
ami let our Custodian show you.
PenrHe ton. Oregon.
'Strongest Bemk'in Gastern Oregon'
VIlIilllflltllltlllllllUHllIIIUilllllllllllllllUllllIIlJIEHIIIlIIIIIIflimillllllHIIIIIlIllIllt's
I Special Glean-Up f
5
on the Following I
Small Ruga Proportionately Priced
9x12 Axminster, 1921 price . $45.00
9x12 Grass Rug, 1921 price ... $13.50
9x12 Wilton Rug, 1921 price ... ..,...$72.50
Good Grade
Selling odds and ends in dishes, cups and saucers,
per dozen . $2.00
Heavy Platess, per dozen ... '. $2.00
Oatmeal dishes, each . 20c
Water jugs, each . 60c
Cruikshank & Hampton
AIT A T TTV rAITWTO
Phone 548
124-28 E. Webb
S Xooj Old F'ortiitttre t&kea Ut exstomnge M part payment on aew,
the raw material and the demand
for 'finished product, are, as it were,
dancing the hesitation, and they too
are in the market only to fill Immedi
ate demands.
'Bhe underlying cause has heen
that a farmer has been taughti too
walk the furrow and produce per cap
ita he . is the best . producer in the
world. We have taught him to be
come an expert with his hands and
have left him as a child In the use
of his head in the management of his
affairs, other than production.
"For the great staple crops like
wheat, corn, cotton, wool and live
stock, there is no existing machinery
for the orderly, marketing of farm
products. Agriculture is both under
capitalized and Is without any ade
quate system of credits adapted to
its peculiar needs.
"There is a terrific strain upon the
finances of the country at the crop
moving season. Also an Inefficient
and expensive system of transporta
tion. There is an uneconomic and un
wise strain upon the buying and ab
sorptive powers of the purchasers of i
farm products. Under this system we
are asking the buyers of farm pro
ducts to meet their needs for a per
iod of twelve months in a period from
four or five months, with the inevi
table result to the seller of these pro
ducts. ;
The Remedies
"The remedies which suggest them
selves to me are: The elimination of
all unnecessary factors in the present
system of distribution. The organiza
tion of commodity sales agencies. The
standardization of farm products in.
to grades and classea The ware.
housing of . sufficient quantities of
products to set Tip an ,even flow of
such products into the. markets of
him with a paper which has a mat
urity period equal to the turn over
period of, his investment, and a paper
months' maturity, better fifteenETA
of less time than none or twelve
months' maturity, better fifteen mon
ths", can not be of the greatest value
to him.
System Can Ro Devised
'To my mind a system ran ho
vised which will meet this necessity.
This i8 predicted upon the pooling of
the assests of the concern and the is
suance ngalnst' such pooled assets
certificates of. indebtness of deben
tures in varying denominations and
periods of maturity. What is a Gov.
ernment bond? A Government bond
i the, evidence of the fact that Con
gress under the Constitution ha, the
power to tax all of the assets of all
the people to make good the face pt
the bond.
rann Itself Xo Asset
"A Piece:' of farm land in itself, no
matter how valuable, will fail to tin
lock, the doors of credit. A farm
mortgage on the same piece of land
in itself would have no standing in
the money markets of the world, but
when under the farm loan act we
have set up four thousand associa
tions of farmers throught every agn
cultural county in the United States,
and when these: associations have tak
en in many farm mortgages In the
neighborhood of 126,000 and have
placed these in Federal Land Banks
regional banks In the hands of a
government appointee known as farm
loan registrar, and these banks have
issued against this mortgage farm loan
bonds, the Missouri farm has become
through this magic a liquid asset
which flows freely in the money, mar.
kets of the county. What is a farm
loan bond? It Is the evidence that a
trustee has in his possession farm
mortgages which if foreclosed would
be sufficient in value to meet the ob
ligations of the bond.
The working out of this system of
farm credit, as well as the solution of
all the other problems of agriculture,
'.'epends upon organization of the
farmers themselves under sane, con
servative, fundementily, sound lead
ership. With It there can be but
success. Without this, all these ef
forts will fail."
E
MOST OREGON TAXES
UNIVERSITY OF OGEGW, Eu-,
gene, Feb. 10. About 30,000 Individ
uals, representing leaR than 4 per cent
of the population of Oregon, cause
tuncttcally all of the tax expenditures
for maintaining courts, police, institu
tions, of care and correction, and like
agencies. This Is declared to be the
case In the preliminary report mado
to the legislature of the state wide so
clal survey conducted during the past
year and recently complied, under Sen
ate Joint Resolution 28 of the legisla
ture of 1910. The survey was conduct
ed with the co-operatldn of citizens all
over the state and was directed by Dr,
Chester L. Carlisle, of the United
States public Helath Service, through
the extension division of the University
of Oregon.
In the communities and Institutions
of the state 29,555 complete or partial
dependents were ascertainable. It is
estimated that two thirds of these are
due to temporary or remedial causes,
leaving approximately 10,000, of which
10 per cent, or a thousand are mentally
defective. ...
Of 30,141 delinquents ascertainable,
perhaps two thirds should be deducted
as traffic violators or petty offenders,
leaving approximately 10,000, of which
at least 10 per cent are mentally de
fective. Insane Totaled .
The combined total of known Insane,
We Sell for Less
ONE ORDER WILL CONVINCE YOU.
Fresh Ranch Eggs, dozen 45c
Carnation or Bordens Milk, 7 cans . ...... $1-00
Otter Brand Minced Clams, 4 cans ........ 75c
Otter Brand Shrimp, 4 cans ., . 95c
Fancy Hawaiian Sliced Pineapple, '
3 large cans ........................ $1.10
Golden Marshmallow Syrup, 1-2 gallon.... 65c
Sanitary Grocery
221 East Court St
The Most in Value The Best in Quality
Phone 871
and all known mental defectives, with
approximate number of mental detec
tives among delinquents and depend
ents is 7,688 in the state a ratio of
9.8 per thousand of the general popu.
lation. Rejections In the selective
draft In Oregon for neuro-mentat dis
order were 11.26 per thousand, so the
ngure of this survey Is clearly conser
vative. Bt rercent Deficient '
Tests In the Oregon State peniten
tiary showed 61 per cent of those test
ed to have distinct mental dulling or
defect, and 2 per . cent to have less
mental ability than a child of 12 years.
In the State School for Girls one
fourth of the girl tested showed ment
al defect. In the State School for Boys
three boys were found above ace rage
but 71 per cent showed mental dulling
or defect and one-fourth showed act
ual mental defect. In the State School
for the Blind, where children of course
are not delinquent, only two children
showed mental defect. In the State
School for the Deaf, 14 per cent show
ed mental defect, Indicating that deaf
ness s a more serious factor in retard,
ing mental development than blind
ness. '
Of 451 Inmates ' In county poor
farms, in Oregon, 17S showed mental
defect, mental disease or mental dis
order. In one Oregon city of 10,000 popula
tion, 258 elementary , school pupils
were found retarded an average of 1.89 I
years. It Is estimated that the cost to
taxpayers of this retaliation was $2B,
20. The causes bf pupil retardation
in this town were round to be; Ment
al defect and dulling, 11 per cent; dis
ease and physical defect, SO per cent;
poor heredity and Improper home eon.
ditlohs, ,20 per cent; other causes, IS
per cent. '
Retardation In fk-hoola
, A teacher's referendum on 32,480
pupils, 22 per cent of Oregon's school
enrollment, showed 9.741 children
"over age for grade." This retardation,
is significant, because the schools con.
tain pruotli'iUly the whole adult popu.
lation of the next generation. K hool
life and school progress reveal the
symptoms if Inadequate, Inefficient
and unsuccessful conduct, which are
sometimes possible of correction, but
which If uncorrected limit the Value of
the adult as a cltlsen. Among the r.
tarded school children studied, ( 600
were found who need assistance under
the Crippled Children's Law,
The survey suggests in the way of
remedy that as fast aa these Inade.
quale social types appear upon public
records, an accurate mental, physical
and economic diagnosis be made and
the case be legally disposed of upon
the basis of actual fundamental cause.
Other suggestions point a way to fu
ture possibilities for the adequate car,
treatment and training of the handi
capped, and to co-ordinated methods
of state, county and city supervision
which will protect the welfare of the
state. ' - ' - '
The Spirit of The; Lincoln Home Trail
utiiaiMiifiiuajiiij
Golden' West
Known for It's
Quality
Purity
. Wholesomeness
A Distinctive Butter
Mm.
is
ram;niS'RititsniiitTiint,,ilpiil,a,l,w,;ln,l,iWI,aiii,ii:nieiiisMSMtiiif'piHi
MraukHwuis!urutaMiwfii
TWO GOOD BARGAINS IN
Practically new 1920 Chevrolet.
Five Passenger Franklin.
Oregon Motor Garage
Dictribatoc ' tiii-
BUICK. CADILLAC AND CHEVROLET
Phono 463
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